BMO Capital Initiates Coverage On i3 Verticals with Market Perform Rating, Announces Price Target of $24
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst Rufus Hone has initiated coverage on i3 Verticals (NASDAQ:IIIV) with a Market Perform rating and set a price target of $24 for the company's stock.

December 05, 2023 | 9:28 am
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NEUTRAL IMPACT
i3 Verticals received a Market Perform rating from BMO Capital with a price target of $24, indicating a neutral outlook on the stock's short-term performance.
The initiation of coverage by BMO Capital with a Market Perform rating suggests a neutral stance on i3 Verticals' stock, implying that the stock is expected to perform in line with the market or sector. The price target of $24 provides a reference point for investors but does not suggest significant upside or downside, hence the neutral score. The relevance is high as the news is directly about i3 Verticals. The importance is significant as analyst ratings can influence investor perception and stock performance, but it is not at the highest level as the rating is neutral rather than a strong buy or sell. The confidence level is high due to the specificity of the analyst's rating and price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100